Gold prices slipped to a one-week low on Tuesday as traders scaled back on their expectations of interest rate cuts by the US Federal Reserve. Silver prices were also lower, tracking losses in the yellow metal. The metal also fell below $50 per ounce on COMEX to a one-week low. Meanwhile, oil prices, after having
Gold and silver prices fell on Monday as traders assessed expectations of rate cuts by the US Federal Reserve. Meanwhile, oil prices were steady as loadings have restarted at the Russian export hub of Novorossiysk, a Black Sea port, following a two-day pause caused by a Ukrainian attack. Prices of base metals were also in
After a muted start to the week, gold and silver prices rose on Wednesday as risk-off sentiment dominated the market. Meanwhile, oil prices fell slightly amid weak economic data from top crude-importing countries, even as US inventories limited the losses. Base metals were mostly steady after a volatile start to the week as a firmer
Gold’s downside potential is expected to be limited and prices are likely to average $4,000 in the last quarter of 2025, ING Group said. The bank further believes that gold prices are expected to average $4,100 per ounce in the first quarter of 2026. “We remain positive on our gold outlook, despite the recent pullback
Oil prices edged up on Thursday, boosted by concerns over supply as sanctions on Russian oil weighed on sentiments. Meanwhile, gold prices were back above the coveted $4,000-per-ounce mark after a few sessions in the red. Silver on COMEX also rose, tracking the upward movement in the yellow metal on Thursday. Additionally, base metal prices
GLD (SPDR Gold Shares), which is the leading gold ETF, has held steady above the once evasive zone of $360 as uncertainties and a weaker US dollar bolster safe haven demand. In line with the Q3 demand report, the gold market is on track to record its strongest year yet. Gold ETFs set market on
The gold market is poised precariously around $4,000 an ounce, with the metal having fallen from last month’s record highs above $4,360. While many analysts view the drop as a healthy correction in a long-term uptrend, famed British economist Jim O’Neill, former UK Treasury minister and ex-chairman of Goldman Sachs Asset Management, sees arguments for
Most non-agricultural commodities rose on the last day of the week with gold consolidating above the crucial mark of $4,000-per-ounce. Oil prices also climbed on Friday after spending most of the week in the red. Prices are set for second straight weekly losses. Base metal prices rose as investors resorted to bargain-buying after most contracts
After a few weeks of sideways movements and directionless trading, gold bulls have regained control as prices rose more than 1% on Monday. “After weeks of tight sideways movement, Gold (XAU/USD) has finally broken out of its $3,901.50–$4,059.55 consolidation range, reclaiming its bullish footing and reawakening buyers who’ve been waiting for directional confirmation,” Jasper Osita,
All major commodities were in the green on Monday as gold hit two-week high on US rate cut hopes. Silver prices also surged by more than 3%, tracking gains in the yellow metal. Meanwhile, oil prices rose as well due to optimism that the US government shutdown will potentially end. Base metals were also higher